Common use of Fixed Term Deposits Clause in Contracts

Fixed Term Deposits. a) Fixed-term deposits constituted by the Client with the Bank in any currency whatsoever shall not be transferable, unless otherwise expressly stated in writing. b) The terms and conditions of deposits (principal, term, interest rate, renewals, etc.) shall be described in the document or voucher issued by the Bank, in compliance with the Client’s request. c) No deposit may be withdrawn in whole or in part before the maturity of the term agreed. d) Upon maturity, the principal and corresponding interests of the deposit shall be made available to the Client. e) The Bank shall not be bound to send maturity notices.